ORE CATAPULT REPORTS

Role and Value of Tidal Stream Generation in the Future UK Energy System – Further Sensitivity Studies

A follow on study from the 2022 report  – Role and Value of Tidal Stream Generation in the Future UK Energy System – examining other factors that may influence the system value of tidal stream.

This new set of studies investigates aspects such as different assumptions on the levelised cost of variable Renewable Energy Sources (RES) in 2050, the inclusion of extreme weather events in energy system planning, high deployment of nuclear capacity, high cost of nuclear, high gas prices, reduction in the cost of electrolysers, and BESS. A spectrum of additional sensitivity analyses has been conducted to analyse how these aspects may affect the future energy system and influence the value of TS.

The report was compiled by Imperial College London with input from ORE Catapult, and delivered within the Tidal Stream Industrial Energiser (TIGER) project, with funding support from the European Regional Development Fund via the Interreg France (Channel) England Programme.